Oak Plaza Car Wash

Project Description

Located at 702 New Berlin Road in Jacksonville, Florida. Oak Plaza Car Wash & Speedy Ice is offered for sale for $785,000, which is an 8.13% return. Three years of financials are available upon request. This location, near River City Marketplace on the north side of Jacksonville, is a busy with new residential and commercial development.

Oak Plaza Car Wash is an outparcel to a Dollar General and Sherwin Williams anchored center. Upside available with upgrades to digital pylon sign, vacuum upgrades, raising carwash and ice prices, etc. PUD permitted uses includes up to 4,000 SF of business or medical office.

Site Size: 0.39 acres
Year Built: 2005
Zoning: PUD
Sale Price: $785,000
Cap Rate: 8.13 (based on 2016 actual income)
2016 Actual NOI $63,825
2017 Proj. NOI $73,000